Kirk W. Dillard
- Republican
Primary
Amends the Trusts and Trustees Act. Permits a trustee to terminate a trust if it has a market value of less than $100,000 and the costs of continuing the trust will substantially impair the purpose of the trust. Outlines how distribution shall be made. Provides that a trustee who is an income beneficiary may not participate as a trustee in the exercise of termination power. Provides that the trustee shall give notice to the persons entitled to distribution at least 30 days prior to the effective date of the termination of the trust. Provides that the provisions of the Section concerning small trust termination shall not apply to trusts for domestic or pet animals.
Public Act . . . . . . . . . 95-0605
Effective Date June 1, 2008
Governor Approved
Sent to the Governor
House Committee Amendment No. 1 Senate Concurs 052-000-000
Passed Both Houses
House Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Judiciary Civil Law; 007-000-000
House Committee Amendment No. 1 Motion to Concur Rules Referred to Judiciary Civil Law
House Committee Amendment No. 1 Motion to Concur Referred to Rules
House Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Kirk W. Dillard
Secretary's Desk - Concurrence House Amendment(s) 01
Placed on Calendar Order of Concurrence House Amendment(s) 01 - June 1, 2007
Third Reading - Short Debate - Passed 115-000-000
House Committee Amendment No. 1 Adopted in Executive Committee; by Voice Vote
House Committee Amendment No. 1 Filed with Clerk by Executive Committee
Do Pass as Amended / Short Debate Executive Committee; 013-000-000
Placed on Calendar 2nd Reading - Short Debate
Second Reading - Short Debate
Placed on Calendar Order of 3rd Reading - Short Debate
Final Action Deadline Extended-9(b) May 31, 2007
Committee Deadline Extended-Rule 9(b) May 25, 2007
Assigned to Executive Committee
Chief House Sponsor Rep. Mark H. Beaubien, Jr.
Referred to Rules Committee
First Reading
Arrived in House
Placed on Calendar Order of First Reading
Third Reading - Passed; 057-000-000
Placed on Calendar Order of 3rd Reading March 6, 2007
Second Reading
Do Pass Judiciary Civil Law; 010-000-000
Placed on Calendar Order of 2nd Reading March 2, 2007
Assigned to Judiciary Civil Law
Referred to Rules
Filed with Secretary by Sen. Kirk W. Dillard
First Reading
| Bill Text Versions | Format |
|---|---|
| Introduced | HTML |
| Engrossed | HTML |
| Enrolled | HTML |
| Document | Format |
|---|---|
| Public Act | |
| House Amendment 001 |
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